Best Mortgage Rates Georgina

Best Mortgage Rates Georgina

CBMR Special Mortgage Rates For Your Area --- Best & Lowest Mortgage Rates in Ontario North Area

+ No Admin Fee or Appraisal Fee charged up front for all mortgages from A-Type Lenders.
+ An application fee (lender's fee) may be charged by the B-Type Lenders. Usually it's 1% ~ 2.5% of total loan amount..
+ An application fee (lender's fee) will be charged by the C-Type Lenders. Usually it's 2% ~ 5% of total loan amount.
+ Applicants always must pay the application fee (1.5% ~ 4.0%) for commercial loan.
+ All fees charged are case by case upon the lenders' policies.

+++ Legal fee / Lawyer Fee: For new purchase mortgage, the borrower's lawyer will close the deal and the borrower doesn't need to pay extra cost. For refinance case, some lenders allow the borrower to use his/her own lawyer to close the deal, some only allow the borrower to use the selected 3rd party (FCT or FNF) to close the deal. FCT charges about $749 per deal for 1 payoff and FNF charges about $650 per deal for 1 payoff. Both parties include the Title Insurance usually. There will be an additional $60 ~ $90 charge for every extra payoff. Some lenders cooperate with FCT, others cooperate with FNF. For the switch case, if it's a real mortgage, the transfer / switch is free; if it's a collateral mortgage or real mortgage with a secured Line of Credit (whatever the balance is), it's treated as a refinance case (see refinance legal fee charge)

All rates published are REAL MORTGAGE rates, not Collateral Mortgage rates, unless specific notes and are from A-Type Lenders.